Goldstein Advisors LLC Has $2.28 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Goldstein Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,957 shares of the e-commerce giant’s stock after purchasing an additional 1,909 shares during the quarter. Goldstein Advisors LLC’s holdings in Amazon.com were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.0%

AMZN stock opened at $226.13 on Friday. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm’s 50-day moving average is $213.50 and its 200 day moving average is $208.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Tigress Financial increased their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Finally, Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $250.35.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.